The Chartered Insurance Institute (CII) has said 2005 was one of the most successful years in its 109 year history with a raft of new initiatives and services backed by muscular financial performance.
Revenues rose to a record high of £26.8m for the year – up 18% on 2004 at £22.7m.
Surpluses, which are re-invested into future development of products and services, increased to £1.5m (2004 - £859,000).
Major highlights of the 2005 review presented to the CII Council on 12 April included the creation of the Personal Finance Society and the introduction of the new Chartered Financial Planner title.
CII director general Dr Alexander Scott said: “We expect to make several exciting announcements over the next six months concerning the CII's role at the heart of professional development in the UK, China and the ASEAN economies, India and the Middle East.
“Financially, we are forecasting an increase to our turnover to £29 - 30m in 2006 and to £34 – 35m in 2007 with operating surpluses of around 5% as this Institute goes from strength to strength.”
